Free-Standing Building with Back
For Sale
Contact for pricing
596 E 10 Mile Rd, Hazel Park, MI
Small industrial building with back lot near I-696.
Property Size2,750 SF
Lot Size0.13 Acres
Price / SF$89.27
Days on Market398
Property Features for 596 E 10 Mile Rd
General Information
Standard status
Active
Size
2,750 SF
Lot size
0.13 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Newmark Knight Frank Detroit
(248) 350-9500
Listed By:
Mike Davidson
(248) 357-6599
Source:
Moodyscre
Added: Sep 3, 2025
Changed: Oct 3
Last Checked: Oct 5 at 7:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark Knight Frank Detroit
Investment Insights
Based on property information with market context.
This is a small, free-standing building suitable for various uses. The property includes a back lot on Mahan Road, which is zoned C-1. The location is near John R and I-696.
Key Highlights
- Free‑standing building offers flexibility.
- Includes back lot on Mahan Rd.
- Zoned C‑1, suitable for commercial use.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,625
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,500
$272.5K
Cap Rate 7%
$194,643
$194.6K
Cap Rate 9%
$151,389
$151.4K
Market Conditions
NOI Build-Up for 2,750 SF
Gross rent
$20.2K $7.35/SF
− Vacancy
−$748 −$0.27/SF
EGI
$19.5K $7.08/SF
− OpEx
−$5.8K −$2.12/SF
NOI
$13.6K $4.95/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,500
Cap Rate 7%
$194,643
Cap Rate 9%
$151,389
Alternative Uses
Best Use
Industrial
$194.6K
$170.3K – $227.1K
NOI $13,625 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$593.2K
$519.0K – $692.0K
NOI $41,521 @ 7.0% cap · market cap 16.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
667
Businesses Nearby
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Small industrial building with back lot near I-696.
Where is this industrial property located?
The property is located at 596 E 10 Mile Rd Hazel Park, MI.
What is the asking price?
The asking price for this property is $245,500.
What are key features of this property?
This property features: Free‑standing building offers flexibility.; Includes back lot on Mahan Rd.; Zoned C‑1, suitable for commercial use.
